Retirement plan

SIGHTMD 401(K) PLAN

Name: SIGHT MEDICAL DOCTORS PLLC - SIGHTMD 401(K) PLAN (2020) Form 5500
Creator: SIGHT MEDICAL DOCTORS PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIGHTMD 401(K) PLAN, SIGHT MEDICAL DOCTORS PLLC

SIGHT MEDICAL DOCTORS PLLCEIN 46-4449523Plan #005PY 2020

125 KENNEDY DRIVE, SUITE 400-A - HAUPPAUGE, NY 11788631-265-8780

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$12.7M

+12.8% from 2019

Total participants

637

-2.9% from 2019

Average account balance

$45,914

+7.5% from 2019

Annual return

14.46%

-7.83 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$27.30M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$53K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

519

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

35.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$21

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$51,600
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$25,212
DANZIGER & MARKHOFF LLP4 years Filed as: DANZIGER AND MARKHOFF LLP Service code 13	Contract Administrator	$10,994
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,592
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55	Other Commissions	$1,252
DANZIGER & MARKHOFF LLP3 years Service code 13 · EIN 13-3010201 1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604	Contract Administrator	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANELY INSURANCE SERVICES I Service code 55 1 NEW YORK PLZ, 12TH FL · NEW YORK, NY 10004	Other Commissions	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANELY SMITH BARNEY LLC Service code 55 1 NEW YORK PL, 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$56K

$96 / participant

Investment mgmt$56K100.0%

% of EOY assets

0.439%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,914

$52,293-12.2%

$178,503-74.3%

$73,412-37.5%

Participation rate

38.4%

65.3%-27.0pp

81.9%-43.6pp

72.2%-33.8pp

Annual return

14.46%

34.75%-20.3pp

151.12%-136.7pp

59.30%-44.8pp

Employer contribution / active EE

$1,736-100.0%

$5,011-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,318

$2,333-0.6%

$5,202-55.4%

$3,806-39.1%

Admin fee / account holder

$202

$127+58.4%

$13,987-98.6%

$158+27.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$51,600

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$25,212

DANZIGER & MARKHOFF LLP4 years

Filed as: DANZIGER AND MARKHOFF LLP

Service code 13

Contract Administrator

$10,994

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,592

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

Other Commissions

$1,252

DANZIGER & MARKHOFF LLP3 years

Service code 13 · EIN 13-3010201

1133 WESTCHESTER AVE. · WHITE PLAINS, NY 10604

Contract Administrator

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANELY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLZ, 12TH FL · NEW YORK, NY 10004

Other Commissions

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANELY SMITH BARNEY LLC

Service code 55

1 NEW YORK PL, 12TH FL · NEW YORK, NY 10004

Other Commissions

SIGHTMD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIGHTMD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion